Good to see GTT getting some traction in terms of a new project for MQR and the CML placements getting well received. Now its time for Viking to show some progress as the market continues to run for junior gold explorers with market caps around the $5m +++ mark now very common for even the most speculative of plays with next to no cash.
1.8c would give this a $5.6m market cap ($3.8m EV). With the court process now finally underway that could look very cheap with the return of the project or the collection of the outstanding $3m USD sale proceeds and $2m USD due in royalties.
They have been reviewing projects now for the past 12 months and now its time for something meaningful to be delivered. The last quarterly mentioned acquiring a "mature asset" and other possible project divestments to bring in additional $$$$.
Lets see...
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Good to see GTT getting some traction in terms of a new project...
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